Last minute geek

last minute tech news from around the net

You are here: English BoingBoing ibag After $4.1 billion subsidy, Foxconn cancels plan to build Wisconsin "factory," now proposing a small R&D facility

After $4.1 billion subsidy, Foxconn cancels plan to build Wisconsin "factory," now proposing a small R&D facility

User Rating: / 0
When GOP darling Scott Walker offered to hand billions in subsidies to Chinese manufacturing giant Foxconn, he was warned: the Foxconn MO is to suck up billions in public money for ambitious megafactories, then scale them back into small, largely irrelevant facilities (or cancel them altogether). But that didn't convince Walker: instead, he got right to business, seizing and bulldozing Wisconsinites' homes to make way for the "factory," and allowing the price-tag to rise by more than a billion dollars without blinking, even as the company started to hedge about the scale of the factory it would build in exchange for Walker's huge welfare handout. Now the other shoe has dropped: Louis Woo (special assistant to Foxconn chairman Terry Gou), who negotiated the Wisconsin deal, has told Reuters that "In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment." Instead of the planned megafactory with its 5,200 blue-collar jobs by 2020, now the company proposes to hire 1,000 skilled R&D researchers -- who will likely come from out of state. But they still get more than $4 billion: so if the 1,000 jobs ever materialize, each one will have cost the state $4.1 million. See folks, that's why you want to elect businessmen to run your governments: they know how to get real value for money! Earlier this month, Foxconn admitted that hiring for the plant was going slowly. The company originally promised to create some 13,000 jobs in the state, but it has already fallen short of modest targets. Read the rest

Read all
Comment Policy:
We pre-moderate any comments and welcome all kinds of thoughts, supportive, dissenting, critical or otherwise. We delete or censor comments that are:

* abusive
* off-topic
* contain personal attacks, or against any company or organization
* promote hate of any kind
* use excessively foul language
* is blatantly spam or advertising

We do not discriminate based on the person who is posting, and we never censor comments for political or ideological reasons. We never delete an appropriate comment because we disagree with its viewpoint or ideology, and we never publish an inappropriate comment because we agree with or support its viewpoint or ideology.

Attention spammers: we manually approve all comments. Spamming and blatant advertising will NOT be published on this site and is deleted immediately, you've been warned, do not waste your time here.

Add comment

Security code